Best Buy Co Inc (BBY) : Northrock Partners scooped up 11,886 additional shares in Best Buy Co Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 21,115 shares of Best Buy Co Inc which is valued at $736,280.Best Buy Co Inc makes up approximately 0.32% of Northrock Partners’s portfolio.
Other Hedge Funds, Including , Advisors Asset Management boosted its stake in BBY in the latest quarter, The investment management firm added 10,244 additional shares and now holds a total of 81,053 shares of Best Buy Co Inc which is valued at $2,806,055. Best Buy Co Inc makes up approx 0.04% of Advisors Asset Management’s portfolio. Genovese Burford Brothers Wealth Retirement Plan Mana… added BBY to its portfolio by purchasing 268 company shares during the most recent quarter which is valued at $9,278. Palo Capital sold out all of its stake in BBY during the most recent quarter. The investment firm sold 9,058 shares of BBY which is valued $291,124.
Best Buy Co Inc closed down -0.61 points or -1.84% at $32.59 with 70,96,413 shares getting traded on Friday. Post opening the session at $32.84, the shares hit an intraday low of $32.2 and an intraday high of $32.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Best Buy Co Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $0.43. The company had revenue of $8533.00 million for the quarter, compared to analysts expectations of $8388.75 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Investors should note that on Jun 22, 2016, Best Buy Co Inc announced a cash dividend of $0.1250. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Oct 18, 2016.
Many Wall Street Analysts have commented on Best Buy Co Inc. Shares were Downgraded by Jefferies on Aug 15, 2016 to ” Hold” and Lowered the Price Target to $ 36 from a previous price target of $39 .Best Buy Co Inc was Downgraded by Credit Suisse to ” Neutral” on Jun 15, 2016. Shares were Reiterated by Telsey Advisory Group on May 25, 2016 to “Outperform” and Lowered the Price Target to $ 36 from a previous price target of $38 .
Best Buy Co. Inc. is a provider of technology products services and solutions. The Company offers service to the consumers small business owners and educators who visit its stores engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States Canada and Mexico. It operates through two segments: Domestic and International. The Domestic segment consists of all operations within the United States and its territories operating e-commerce retail store and call center operations under a range of brand names including Best Buy (bestbuy.com) Best Buy Mobile Geek Squad Magnolia Audio Video and Pacific Sales. The International segment consists of all operations outside the United States and its territories. In addition the Company operates Magnolia Home Theater Magnolia Design Center and Pacific Kitchen and Home store-within-a-store experiences in the United States Best Buy stores.